Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target Raised to C$20.00 at Raymond James

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price boosted by Raymond James from C$19.00 to C$20.00 in a report released on Friday morning,BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Separately, Desjardins raised their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of C$20.10.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust stock opened at C$23.74 on Friday. The firm’s fifty day moving average price is C$21.15 and its 200-day moving average price is C$20.79. The stock has a market cap of C$335.68 million, a P/E ratio of 5.04 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$18.00 and a fifty-two week high of C$24.70.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.